An investigation for investors in NYSE:LQ shares was announced over potential breaches of fiduciary duties by certain directors at La Quinta Holdings.
Investors who purchased shares of La Quinta Holdings Inc (NYSE:LQ) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain La Quinta Holdings directors breached their fiduciary duties and caused damage to the company and its shareholders. The investigation concerns also whether certain public filings made by La Quinta Holdings in connection with the Company’s initial public offering (“IPO”) and the subsequent secondary offerings complied with federal securities laws.
On September 17, 2015, post-market, La Quinta Holdings Inc announced the resignation of CEO Wayne Goldberg, following a “mutual agreement” with the company’s board. Additionally, La Quinta reduced its 2015 revenue per available room guidance following weaker than expected demand in August and September. Shares of La Quinta Holdings Inc (NYSE:LQ) declined to as low as $9.42 per share on February 11, 2016.
On April 1, 2016, NYSE:LQ shares closed at $12.19 per share.
Those who purchased NYSE:LQ shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com